The cryptocurrency market is ever evolving, and while utility plays have been slow to take off this bull cycle – Politifi memecoins have been booming.
With the likes of $BODEN & $TREMP reaching over half a billion dollar marketcaps cumulatively, the furore surrounding Biden’s future has seen a major drop in investor confidence in Biden-themed tokens.
The American political has been responsible for an incredible amount of memes over the past decade or so, resulting in multiple billions of impressions & consequently, memecoins.
Memecoins are now seen as a legitimate asset class by certain institutions & influential investors – with President Trump himself holding $MAGA.
Trump-themed coins have boomed in popularity of late – and would be classified as quite a competitive market.
However, with Kamala Harris seemingly about to get the Democratic nod: this possible represents a great opportunity to ride the degen wave of new Harris-themed tokens.
Solana is the chain where most Harris tokens can be found, while on Ethereum there seems to be just one main Harris token $HERRIS that fits the politifi meta. Launching just a few hours ago, it has already grown to a marketcap of $2.4m at time of writing, with some major KOLs backing it.
So if Harris does indeed get the democratic nomination: be sure to keep your eyes on this space. For reference, today:
- $TRUMP is at $285m
- $MAGA is at $74m
- $TREMP is at $40m
And of course these are not all-time-highs. Memecoins are purely speculative & often have no intrinsic value – but based on these stats you can imagine a Harris announcement sending a spike to the democrat themed tokens over night.
As always, this is NFA & DYOR – but even as an idle bystander, it’s certainly an enjoyable journey to watch!
